Jim Cramer Eyes Netflix Buy as Stock Falls 12% YTD After WBD Exit

As of June 12, Netflix shares are viewed as an attractive long-term compounder following a 12% year-to-date decline. The pullback comes after the market welcomed the company's June 9 exit from the Warner Bros. Discovery bid, securing a $2.8 billion break fee and eliminating strategic uncertainty. June 10 commentary from film chief Dan Lin reinforced the streaming-only focus, while June 11 analysis contrasted Netflix's slowing 13.3% 2026 revenue growth with Roku's faster platform gains. Latest pieces on June 12 highlight Q1 revenue growth of 16.2%, 32.3% operating margins, 250 million ad-supported members, sub-25x forward P/E, and a $25 billion buyback as reasons the stock is back on sale, with Jim Cramer stating he wants to buy.